Thursday, March 4, 2010
Go Greece Lightening
One of the most amazing aspects of the 'financial crisis' is that somehow the impression has been given that there is an economic problem. Something to do with markets or productivity. You know something that a bit of 'stimulus' can fix..
The problem is old-fashioned theft. The economy is suffering because all the money is being stolen. First it was fraud and they needed bail-outs to conceal the fraud. The population borrowed money from the fraudsters to bail-out the fraudsters. We borrowed at massive rates of interest and we lent at almost nothing. The original fraud was so big that the bail-outs can't plug the gap. So, there's no credit for business to survive and business and consumer are being cash-starved and loaded up with more and more debt.
We didn't have to bail out the banks. That was a lie to start with. I mean what do we need them for anyway? They ain't lending.. And with all that public money we gave them through quantative easing (money printing) they're simply buying and selling more fraudulant derivatives. When these derivatives explode you the tax payer will have to foot the bill again.
The problem is you can't. The economy is log jammed with debt. It's not a 'recession' like you are familiar with, it is a system failure caused by debt load. So, borrowing more money will only make the problem worse.
They talk about 'recovery'- it isn't going to happen. No-one is yet ready to fix the problem. The banks need to fail and all the debt from the bail-outs repudiated. Then and only then will consumers consume and savers save.
Until you realise that the economy and your democracy is broken you will continue to be squeezed out of your wealth. Look at Greece. Public services hacked to bits and taxes going through the roof. All this because they've been looted by international merchant banks on Wall St and The City of London. Their products have been sold to banks and financial institutions round the world and were so complicated that no-one really knew what they were buying.
So, why don't we send JP Morgan and Goldman Sachs packing? We will but not till we go hungry and that is in the post.
Today, as the Greek government agrees to cut services and raise taxes in what will be a huge shock to all Greeks, the Greek people have occupied their finance ministry and blocked roads to the city centre of Athens.
Folks, Greece (and Iceland) are on the verge of revolution. The answer to all this is is to take the merchant banks to criminal courts and try them. They're deliberately destroying economies around the world. Governments are afraid to take them on. Well then the answer is to take down your government and demand debt repudiation. Tell the parasites to get packing, that's what Iceland is doing. Why should Greece destroy its people's wealth and destroy its standard of living to 'bail-out' international banks?
People, this is not a problem of the economy that governments are trying to fix. Governments are being conned by bankers who are now helping governments to hide debts and using 'derivative' finance based on fraudulant assets. It is difficult for governments to expose the real state of their public finances so we must force them before they sell their citizens into debt bondage.
You must take your countries back because your governments have been co-opted by smart, super-rich international bankers.
Watch you lifestyles disappear or take to the streets. What's happening in Greece is going to be in Britain soon - shortly after the election. For the sake of all our futures you must wake up and destroy the beast before it destroys you.